Investment Banks until last year used to have the highest average graduate pay. Subsequently, we had the brightest from Oxbridge, the Ivy Leagues and other top institution jumping on the Investment Banking bandwagon. However, the question that does arise is how did the smartest and cleverest working for Lehman Brothers not see their demise? David Einhorn, hedge fund manager, saw their demise more than a year before it happened and was shorting them. One man somehow saw something that people who were working for the company didn’t see.
QUESTION: ARE INVESTMENT BANKERS THE MAVERICKS THEY THINK THEY ARE OF THE FINANCIAL WORLD?
SECONDLY, DON’T MESS WITH SHORT SELLERS LIKE EINHORN OR CHANOS THEY WILL DESTROY YOUR CAREERS LIKE POOR ERIN CALLAN!!!
Note: Einhorn stated that after he graduated he worked for an investment bank and it was the most horrendous experience of his life leading him to quit soon after joining!!! Evidently, he has forged a career the most successful investment banker would envy!!!